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Blackstone Announces Adam White, Former President and COO of Bakkt, as Senior Advisor
Rhea-AI Impact
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Rhea-AI Summary
Blackstone (NYSE: BX) has appointed Adam White as a Senior Advisor, focusing on the digital asset ecosystem. White, with extensive experience from Bakkt and Coinbase, will guide Blackstone Growth (BXG) in identifying opportunities and challenges in blockchain technology. This announcement aligns with Blackstone's strategy to enhance its digital investments, highlighted by its recent stake in Chainalysis, a leader in blockchain compliance and data analysis. The appointment aims to leverage White's expertise for strategic growth in a rapidly evolving market.
Positive
Adam White appointed as Senior Advisor brings valuable experience in the digital asset ecosystem.
Focus on blockchain technology may enhance Blackstone's competitive position in the market.
Recent investment in Chainalysis demonstrates Blackstone's commitment to the digital asset sector.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Blackstone (NYSE: BX) today announced the appointment of Adam White, former Bakkt and Coinbase executive, as a Senior Advisor. White brings a breadth of experience as a senior leader and entrepreneur in the crypto and blockchain technology space and will advise across Blackstone’s businesses, with an emphasis on Blackstone Growth (BXG), the firm’s growth equity investing platform. Within the sector, Blackstone is focused on services and infrastructure supporting the digital asset ecosystem, such as an investment last year by funds managed by Blackstone in Chainalysis, a leading provider of blockchain data and compliance software.
“We are excited to welcome Adam as an advisor to Blackstone. He will help us think critically about the broader ecosystem for digital assets, including the potential areas of disruption as blockchain technology is applied to new sectors. Few people better understand both the challenges and opportunities related to the industry,” said Vishal Amin, a Managing Director at Blackstone Growth.
Adam White added, “I’m excited to join Blackstone as an advisor and work alongside the team and portfolio companies. The scale and operating resources Blackstone offers to companies is unmatched and can be particularly powerful in a growing industry.”
White served as President and COO of Bakkt, the operator of a technology platform for the management of digital assets, from 2018 to 2022. Prior to Bakkt, he was Vice President and General Manager of Coinbase, where he was one of the earliest employees. White served in the United States Air Force as a Flight Test Engineer from 2006 to 2011 and is a veteran of Iraq and Afghanistan. He earned his MBA from Harvard Business School in 2013 and a Bachelor of Science in Optical Engineering from the University of California, Davis in 2006.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $941 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.
What is the significance of Adam White's appointment at Blackstone (BX)?
Adam White's appointment as Senior Advisor at Blackstone (BX) is significant due to his extensive experience in the digital asset sector, which could enhance Blackstone's strategic direction in this evolving market.
How does Blackstone (BX) plan to utilize Adam White's expertise?
Blackstone (BX) plans to utilize Adam White's expertise to navigate the challenges and opportunities in blockchain technology and the digital asset ecosystem.
What recent investment has Blackstone (BX) made in the digital asset space?
Blackstone (BX) recently invested in Chainalysis, a leading provider of blockchain data and compliance software, reflecting its commitment to the digital asset sector.
What is Blackstone Growth (BXG) focusing on?
Blackstone Growth (BXG) is focusing on growth equity investments, particularly within the digital asset ecosystem, as highlighted by the onboarding of Adam White as an advisor.
